Form 4: Myomo CFO Sells Shares to Cover Tax on RSU Vesting

Myomo, Inc.'s Chief Financial Officer, David A. Henry, sold 23,587 shares of common stock on June 30, 2025, at $2.19 per share, solely to cover income taxes related to the vesting of restricted stock units.

Summary

• David A. Henry, Chief Financial Officer of Myomo, Inc. (MYO), disposed of 23,587 shares of common stock.
• The transaction occurred on June 30, 2025, at a price of $2.19 per share.
• The sale was solely to cover income taxes incurred from the vesting of restricted stock units (RSUs) on June 28, 2025.
• This disposition was made pursuant to an irrevocable election by Mr. Henry on May 9, 2025.
• Following this transaction, Mr. Henry beneficially owns 427,900 shares of Myomo common stock.

Sentiment

Score: 5

Explanation: The transaction is neutral as it is a pre-planned, non-discretionary sale solely for tax purposes related to RSU vesting, which is a common occurrence for executives receiving equity compensation.

Positives

• The vesting of restricted stock units (RSUs) on June 28, 2025, indicates compensation for the CFO.

Negatives

• The sale of 23,587 shares by a key executive, even for tax purposes, represents a reduction in direct insider ownership.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation. Such transactions are common across all industries when executives' restricted stock units vest, requiring a portion of shares to be sold to cover tax obligations. It does not provide insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but generally viewed as a routine tax-related sale rather than a discretionary divestment.

Key Dates

Keywords

Myomo, MYO, David A. Henry, Chief Financial Officer, CFO, Insider Trading, Form 4, SEC Filing, Stock Sale, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Compensation